Triple Flag Precious Metals Corp. (NYSE:TFPM) Given Consensus Rating of “Moderate Buy” by Analysts

Triple Flag Precious Metals Corp. (NYSE:TFPM) has received a consensus rating of “Moderate Buy” from the twelve analysts that are presently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $32.25.

TFPM has been the topic of several research analyst reports. BMO Capital Markets restated a “market perform” rating on shares of Triple Flag Precious Metals in a research report on Thursday, January 15th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Triple Flag Precious Metals in a research note on Wednesday, February 4th. Scotiabank boosted their target price on Triple Flag Precious Metals from $34.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Monday, January 26th. Zacks Research raised Triple Flag Precious Metals from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 10th. Finally, Wall Street Zen cut Triple Flag Precious Metals from a “buy” rating to a “hold” rating in a research note on Saturday, November 8th.

Triple Flag Precious Metals Stock Up 0.9%

Shares of NYSE TFPM opened at $35.90 on Thursday. Triple Flag Precious Metals has a 52 week low of $16.26 and a 52 week high of $40.29. The company has a market cap of $7.42 billion, a P/E ratio of 35.55, a P/E/G ratio of 0.95 and a beta of -0.21. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.01. The business has a 50-day simple moving average of $35.44 and a two-hundred day simple moving average of $31.25.

Triple Flag Precious Metals (NYSE:TFPM) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $118.92 million during the quarter, compared to analysts’ expectations of $114.92 million. Triple Flag Precious Metals had a net margin of 59.43% and a return on equity of 9.56%. Research analysts anticipate that Triple Flag Precious Metals will post 0.71 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in shares of Triple Flag Precious Metals during the fourth quarter valued at approximately $49,550,000. Tidal Investments LLC raised its position in shares of Triple Flag Precious Metals by 59.5% in the 3rd quarter. Tidal Investments LLC now owns 2,396,198 shares of the company’s stock worth $70,113,000 after acquiring an additional 893,566 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Triple Flag Precious Metals by 1,619.6% in the 3rd quarter. Vanguard Group Inc. now owns 928,368 shares of the company’s stock valued at $27,177,000 after purchasing an additional 874,382 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Triple Flag Precious Metals by 67.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,097,794 shares of the company’s stock valued at $49,731,000 after purchasing an additional 844,765 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Triple Flag Precious Metals by 39.9% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,642,566 shares of the company’s stock worth $77,373,000 after purchasing an additional 753,923 shares during the period. Institutional investors own 82.91% of the company’s stock.

About Triple Flag Precious Metals

Triple Flag Precious Metals Corp. is a Toronto-based precious metals streaming and royalty company traded on the New York Stock Exchange under the ticker TFPM. The company specializes in providing upfront financing to mining operators in exchange for the right to purchase a fixed percentage of future gold and silver production at discounted prices. By structuring these streaming and royalty agreements, Triple Flag Precious Metals aims to optimize its capital deployment and maintain a predictable cost profile while benefitting from upside in precious metal prices.

Since its formation in mid-2022, Triple Flag Precious Metals has established a diversified portfolio of streaming and royalty assets across a variety of jurisdictions.